sandra: america s energy crisis, president biden will ask congress to suspend the gas tax for summer. critics say it will have little impact on american wallets and could make the inflation situation worse. hello, welcome, everyone, i m sandra smith in new york. hi, john. john: i m john roberts in washington and this is america reports. the president will request a three month suspension of the gas tax through september, currently $0.18 a gallon for gasoline. $0.24 a gallon for diesel. studies show a move like this does not save people all that much money but does cost the government billions of dollars in revenue. sandra: former president obama famously called it a gimmick in 2008, and all of this as we expect president biden to pin the blame once again on his favorite bogeyman, vladimir putin. jacqui heinrich is live at the white house. hi, jacqui. jacqui: good afternoon to you. the president is expected to call on congress to extend a federal gas tax holiday, som
every legal recommend dip is exhausted, a tone different than she reported in her interview before the january 6th panel. and the temperature yesterday underscored how ugly and scary it was to be an elections worker or public official who either came under donald trump s scrutiny or refused to bow to his pressure to overturn the results. arizona house speaker republican rusty bowers described the hoards of people, some with weapon, who would show up at his home. and pole workers shea moss and her mother ruby freeman gave gut wrenching accounts of the threats so unrelenting that they were forced into hiding. yes, a lot of threats wishing death upon me, telling me that i ll be in jail with my mother and saying things like be glad it s 2020 and not 1920. there is no where i feel safe, nowhere. do you know how it feels to have the president of the united states to target you, the president of the united states is supposed to represent every american, not to target one. wi
world. no jubilee for american drivers that are being pelted left and right with prices that go higher and higher and higher. but leaving that aside, concerns as well that the president while he talks up the idea of trying to address this and quickly, that he s falling back on things that we ve heard before. let s goo to the latest from the white house, peter doocy. neil, officials around here at the white house keep saying they think the president s economic plan is working and near celebrating last month s job report came in 65,000 jobs higher than anticipated. the president himself in delaware today saying that reports beating expectations may not be here for much longer. we re not likely to see the blockbuster job reports month after month like we had over this past year. but that s a good thing. that s a sign of a healthy economy. with steady growth. the president says inflation, it s his number 1 domestic priority while admitting there s nothing that he can do to
this is the business stories from around the world, and i will try and pronounce that correctly in a let s start with a stark warning from the governor of the bank of england. andrew bailey has warned the uk and many other countries are facing apocalyptic food prices, due to supply problems caused by the war in ukraine. bailey warned inflation could hit 10% by the autumn, well above the central bank s 2% target. uk inflation is currently at 7%, which is its highest level in 30 years. another sign of the rising cost of living was shown at petrol pumps yesterday, with one litre of diesel costing £1.80, which is a record high. joining me now is swetha ramachandran, an investment manager at gam investments. thank you for being with us, we know that rising prices are a huge problem, but it really did underlinejust how bad huge problem, but it really did underline just how bad this could get without warning from the bank of england just yesterday. yes, indeed, and there are lots o
serious consequence in terms of the pricing of country garden debt but notjust for the company butjust for the sector in general and could create another round of market turbulence. which we have seen already. i would say that the key thing here is china s real estate problem is in the crux of other problems currently facing. we have seen rivals defaulting. how significant if country garden was to default? country carden garden was to default? country garden involves garden was to default? country garden involves at garden was to default? country garden involves at least - garden was to default? country garden involves at least 3000 l garden involves at least 3000 existing housing projects and a lot of them are in inaudible whereas for country garden, they have a lot more. on a brighter note, i would say that perhaps country garden seems to be less complicated in terms of structure than ever grand so there is a key risk to worry about but maybe there are also things like